08/01/2013
AXA net income slips 1 pct on hedging loss
AXA's net income fell to 2.47 billion euros from 2.54 billion in the year-ago period
Alternative Investments
08/01/2013
Generali hails best first-half results in 5 years
Operating profit in the property and casualty business increased by 23.4% to EUR389 million, mainly supported by the motor unit.
08/01/2013
Fidelity abandons multi-asset/platform deal after FCA ban
In April the regulator said product costs "should not be used to cross-subsidise the platform charge.
08/01/2013
FundsNetwork revamps Navigator pricing plans
FundsNetwork previously had no service fee for the platform when advisers bought the Navigator funds but has now introduced a 25 basis points (bps) charge.
08/01/2013
Banca Carige Sells Asset Management Unit To Arca
Banca Carige SpA said Friday it has agreed to sell its asset management unit to Arca SGR for 101 million euros ($133.4 million).
07/31/2013
OMGI to merge away Freeman-Shor’s UK Strategic Best Ideas fund
“The Old Mutual UK Opportunities fund is run by Simon Murphy, and the strategy has performed well with consistent positive performance, even during periods when the equity market returns have been negative,” the letter says.
07/31/2013
Jupiter inflows top £400m in first half of 2013
Profit for the period attributable to owners of the parent improved to 46.9 million pounds from 24.1 million pounds, with earnings per share increasing to 11.0 pence from 6.4 pence last year.
07/31/2013
Who Are Europe’s Hedge Fund Winners?
Overall growth at the top 20 remained virtually flat in the past 12 months
07/31/2013
Parmenion posts £568k pre-tax profits
The firm's latest financial results show that turnover increased by 50%, from £2.2m to £3.3m
07/31/2013
Alternative investment management and advisory group launches
Both founders considered that many fund managers they came across during their formative years were heavily reliant on single dimensional strategies and too passive in sourcing investments.
07/30/2013
Hedgebay User Survey Results
The poll was designed to pinpoint potential improvements that could be made in secondary market trading.
07/29/2013
Carmignac added to Fidelity FundsNetwork platform
Carmignac Gestion's funds are now available via the Fidelity FundsNetwork platform for the UK market.
07/29/2013
ICBC May Complete Standard Bank London Deal This Year, Sky Says
The negotiations were paused pending the transfer of political power in the Asian nation this year, Sky said.
07/29/2013
Standard Bank in talks to sell UK commodity arm to ICBC
Talks between Standard Bank and ICBC, which owns about 20 percent of the Johannesburg-based lender, were progressing, said the person, who declined to be identified because the information is not yet public.
07/28/2013
Aberdeen, Artemis and Schroders Funds choose Euroclear for settlement
Three big UK investment funds have chosen to settle their transactions with Euroclear UK & Ireland
07/28/2013
Vanguard global ETF assets hit USD281 billion
Vanguard is committed to educating the market on the benefits of ETF
07/28/2013
Cambridge Creating Billionaires Row
It’s hardly in the realms of the Asters and Vanderbilts but business executives in Cambridge are gradually steering the UK’s science and technology cluster into its own Gilded Age
07/28/2013
Credit Suisse and Cass Business School Launch New Multi-Asset Indices
Credit Suisse launched a series of investable indices designed to provide an efficient and cost-effective way to gain exposure to a multi-asset class investment strategy.
07/28/2013
Royal London to sell direct platform and refocus on advisers
Fundsdirect to be put up for sale as parent plots non-advised service for intermediaries.
07/28/2013
Raiffeisen may take Mideast fund as partner, CEO says
Austria's Raiffeisen Bank International would consider taking a Middle Eastern wealth fund as a major investor to meet new capital requirements,